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Europe > Turks and Caicos Islands

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Cover Technical Assistance Reports
Saint Kitts and Nevis: Technical Assistance Report-Report on Improving Estimates of Gross Domestic Product Mission (June 5–16, 2023)
International Monetary Fund. Statistics Dept.
A CARTAC National Accounts technical assistance mission to St Kitts and Nevis, re-referenced the volume estimates of quarterly GDP for the years 2012–2022 using 2018 as the base and reference year from the previous 2006 base year. The series were developed for both Saint Kitts and for Nevis and a combined series for the Federal aggregate. The re-referencing exercise provided an opportunity to introduce some other improvements. Notably, the calculation of Final Intermediation Services Indirectly Measured (FISIM) consumed by each economic sector businesses and its allocation to economic activities. The updated series were also prepared using the International Standard Industrial Classification of Economic Activity (ISIC) revision 4 . These improvements align the updated GDP series with the standards set out in the 2008 System of National Accounts. In addition, the current price estimates of GDP by expenditure were also reviewed.
Keywords:
Saint Kitts and Nevis; Re-refencing; Final Intermediation Services Indirectly Measured; GDP; System of National Accounts.; GDP-p series; business processing documentation; estimates of GDP; gross domestic product mission; IMF's Statistics department; GDP estimate; Manufacturing; Imports; Caribbean; Global
Cover IMF Staff Country Reports
Panama: Selected Issues
International Monetary Fund. Western Hemisphere Dept.
This Selected Issues paper discusses unravelling Panama’s large unemployment fluctuations. Panama’s labor force and employment have increased remarkably over the last decades. The rapid labor force growth was driven by a combination of demographic and social transformations. The increase in the labor force participation rate was the result of rising female labor force participation. Panama’s income convergence in the 25 years preceding the Pandemic was in large part the result of an increase in the employment to population rate. Convergence can either result from an increase in the employment rate relative to that in the US, or from faster labor productivity growth. In the case of Panama, about three quarters of the reduction in the income differential with the US was driven by an increase in the employment to population rate, and only one quarter was the result of faster labor productivity growth. Going forward, the increase in the employment to population ratio is likely to be slower and, for income convergence to continue, productivity growth will need to accelerate. The demographic transition has largely run its course as population growth is projected to keep declining and the share of the working-age population is expected to decrease in the next decades.
Keywords:
B. Dollarized economy; labor market market trend; D. labor force; E. building RESILIENCE; unemployment fluctuation; Climate change; Deposit insurance; Labor force; Natural disasters; Financial safety nets; Caribbean; Central America; Global; South America; Europe
Cover Departmental Papers
Public-Private Partnerships in the Caribbean Region: Reaping the Benefits while Managing Fiscal Risks
Mr. Maximilien Queyranne
,
Mr. Wendell Daal
, and
Ms. Katja Funke
To provide policymakers in the Caribbean with a governance framework for improving infrastructure through Public-Private Partnerships (PPPs), while limiting their fiscal costs and risks for the government. And to showcase Canada support to FAD technical assistance in the region and FAD collaboration with CARTAC and the Caribbean Development Bank
Keywords:
DPPP; DP; PPP contract; minister of finance; PPP project; PPP unit; financial risk; private sector; Caribbean country; public finance; government support; cash basis; feasibility study; policy priority; investment project; Public investment and public-private partnerships (PPP); Public investment spending; Purchasing power parity; Fiscal risks; Infrastructure; Caribbean; Global; Sub-Saharan Africa
Cover Policy Papers
Framework Administered Account for Selected Fund Activities - Caribbean Regional Technical Assistance Center (CARTAC) Subaccount
International Monetary Fund
In March 2009, the Fund established a new Framework Administered Account to administer external financial resources for selected Fund activities (the “SFA Instrument”). The financing of activities under the terms of the SFA Instrument is implemented through the establishment and operation of a subaccount within the SFA. This paper requests Executive Board approval to establish the Caribbean Regional Technical Assistance Center (CARTAC) subaccount (the “Subaccount”) under the terms of the SFA Instrument.
Keywords:
PP; Subaccount; contributor; terms and conditions of the Subaccount; ex ante concurrence; resources of the Subaccount; contributor's consent; concurrence of contributor; beneficiaries of CARTAC; Capital markets; Wages; Caribbean
Cover IMF Survey
IMF Survey, Volume 31, Issue 21
International Monetary Fund. External Relations Dept.
Tanzanian President Benjamin William Mkapa’s remarks on the inauguration of East AFRITAC could not have been clearer or more emphatic. If Africa is to define its own economic destiny, it must strengthen its ability to design and implement sound economic policies. And policy ownership and capacity building are what the new regional technical assistance center, which opened October 24 in Dar es Salaam, is all about.
Keywords:
SV; Dem. rep.; IMF Concludes; website; country; Emergency assistance program; fund facility; IMF European; IMF publication service; Poverty reduction strategy; Fiscal federalism; Bonds; Caribbean; Africa; Global; East Africa; Central Africa; Sub-Saharan Africa